has formed a 100 score bearish engulfing
short setup on the daily time frame. After forming a head & shoulders
pattern, price shot up above the right shoulder, breaking strongly out of the upper Bollinger Band
, and was quickly rejected forming a bearish engulfing
. A strong previous downtrend, a bearish engulfing
on the daily and monthly time frames, and a very strong upper Bollinger Band
outbreak confirm this setup. 1:11 Risk to reward ratio. SL set above bearish engulfing
high. TP set above strong support near previous lows. I will include the monthly point of view in the comments below.